Murray Financial

AN INSTRUMENT FOR $4 MILLION DOLLARS 🤯

Joshua Bell [the American Violinist and conductor] bought his 1713 violin for around $4 million in 2001. Someone may think "$4 million dollars for an instrument?!"

This is a perfect example of values. Would I buy a violin for $4 million? Absolutely not, but I am also not one of the world's greatest violinists. But for Joshua Bell the instrument is worth the price because it aligns with his values.

Personal finance is just that, PERSONAL. That is why it is essential that your financial gameplan is aligned with your values and priorities.

If you need guidance to ensure that you're money is aligned with your values, send me a DM and book your Virtual coffee chat ☕.

THE STRATEGY - GOAL CORRELATION

As the former personal training director at the gym where I now workout as a member, I have many individuals approach me with questions regarding their personal fitness. I recently had the below interaction.

Member: "Is it better for me to train one body part per day or just do a full body workout everyday?"

Me: "Better in terms of what exactly?"

Member: "Which one will give me better results?"

Me: "What results are you looking for? What are your goals?"

Member: "I don't know. I just want to be fit."

Me: "What exactly does being fit mean for you?"

Member: "Hmmm 🤔.. I'm not sure."

Me: "The optimal training regiment can only be chosen once you understand what your end goal is. You can come to the gym and work really hard for a long time and miss your goals if you don't understand the relationship between your regiment and you're desired end."

After reflecting on this conversation, I realized that so many individuals are making the same mistake with their finances. You heard your friend say that real estate is the best way to invest and now you want to invest in real estate. But what are your clearly defined goals? What is your timeline? What is your risk capacity?

Creating clearly defined financial goals is essential to evaluating any financial strategy. A particular strategy is neither good nor bad until it is analyzed through the filter of your desired end result.

If you're ready to stop the guesswork, send me a DM and we can connect for a virtual coffee ☕ chat.

THE MIRAGE OF TOMORROW

One of the greatest enemies of financial success is PROCRASTINATION. I've lost count of the number of individuals that I have met that have great things that they are going to accomplish in the future. Sadly, for the majority that "amazing tomorrow" never materializes.

Why?

Those individuals fail to recognize that their tomorrow is just a result of the actions that they are taking today. You desire to create a significant inheritance for your grandchildren, that's awesome. What strategies have you implemented? You want to ensure that you're family is protected from the unthinkable, that's noble. What insurance strategies do you have in place?

You can and must plan for the future, but action can only be taken in the present. Don't let what you can't do stop you from doing what you can. Every day of procrastination is another day of delay of your future.